Airport operators posted lower passenger volumes in August, with GAP being the most affected. Airlines showed a mixed performance, where Aeromexico and Viva Aerobus reported a rise in demand and capacity, while Volaris faced reductions due to the grounding of approximately 30% of its fleet. Meanwhile, the Railroad segment presented a slight increase in overall traffic despite facing declines in some key categories.

• KOF temporarily suspended operations at its distribution center in Puente de Ixtla, Mexico, due to violence against some employees and widespread insecurity in the area.

• Shein, a Chinese fast-fashion online retailer, partnered with GCARSO’s T1 to utilize the latter’s platforms for sales and logistics management in Mexico. This deal will help Shein sellers manage orders and deliveries more efficiently, strengthening Carlos Slim’s business ties with the Asian retailer.

• With 19 state congresses passing the judicial reform, it has already surpassed the 17 approvals required to be sent to President López Obrador, who confirmed it will be published in Mexico’s Federal Official Gazette on September 15. In turn, Fitch Ratings said it would assess the impact of the judicial reform on Mexico’s credit rating, anticipating negative effects on the country’s institutional profile due to reduced judicial autonomy. Despite these concerns, Mexico’s Economy Minister Raquel Buenrostro affirmed that the judicial reform does not violate any clauses of the USMCA, nor does it hinder foreign direct investment.

• President-elect Claudia Sheinbaum confirmed that Gabriel Yorio will remain as Deputy Finance Minister and Antonio Martínez Dagnino as head of Mexico’s tax authority (SAT).

• CEMEX goes ex-coupon for a cash dividend of P$0.04 per CPO (~0.3% yield), the second installment of its total cash dividend of P$0.11 per CPO (~0.9% annualized yield).

• LAB goes ex-coupon for P$0.2 per share (0.9% yield).